Investment Property in Gdynia

Investment Real Estate in Gdynia

Gdynia property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Gdynia .

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Search Map of Gdynia Investment Real Estate

Coordinates:

54°30′N 18°33′E / 54.500°N 18.550°E / 54.500; 18.550

Gdynia ( gə-DIN-ee-ə; Polish: [ˈɡdɨɲa] (listen); German: Gdingen (currently), Gotenhafen (1939-1945); Kashubian: Gdiniô) is a city in northern Poland. On Gdańsk Bay on the southern coast of the Baltic Sea, it is a major seaport and the second-largest city in Pomeranian Voivodeship after Gdańsk. Gdynia has a population of 246,348, which makes it the twelfth-largest city in Poland. It is part of a conurbation with the spa town of Sopot, the city of Gdańsk, and suburban communities, which together form a metropolitan area called the Tricity (Trójmiasto), with a population of over 1,000,000 people.

Historically and culturally part of Kashubia in Eastern Pomerania, Gdynia for centuries remained a small farming and fishing village. At the beginning of the 20th-century, Gdynia attracted visitors as a seaside resort town, and began to build tourism. The local population increased in response to the change in the economy.

After Poland regained its independence in 1918, the government decided to construct a Polish seaport in Gdynia, between the Free City of Danzig (a semi-autonomous city-state) and German Pomerania, making Gdynia a primary economic hub. In 1926 Gdynia was granted city rights, after which it enjoyed a rapid demographic and architectural development.

This was interrupted by the outbreak of World War II, during which the newly built port and shipyard were completely destroyed. The population of the city suffered heavy losses, as most of the inhabitants were evicted and expelled by the German occupiers. The locals were either displaced to other regions of occupied Poland or sent to German Nazi concentration camps throughout Europe.

After the war, Gdynia was settled with the former inhabitants of Warsaw, which also suffered major destruction, and lost cities, such as Lviv and Vilnius in the Eastern Borderlands. The city was gradually regenerating, with its shipyard being rebuilt and expanded. In December 1970 the shipyard workers’ protest against an increase in government-established prices was violently repressed by government forces. This greatly contributed to the rise of the Solidarity movement in nearby Gdańsk.

Today the port of Gdynia is a regular stopover on the cruising itinerary of large, luxury passenger ships. A new ferry terminal with a civil airport are under development. The city has won numerous awards for its safety, infrastructure, quality of life, and a rich variety of tourist attractions. In 2013 Gdynia was ranked by readers of The News as Poland’s best city to live in, and topped the national rankings in the category of “general quality of life”.

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The financial stability of Gdynia has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Gdynia

Renting out your Gdynia buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Gdynia are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Gdynia and be prepared to change your initial outlook.
Thoroughly research the Gdynia location with a special emphasis on fringe areas outside the main Gdynia metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Gdynia.
Ensure that your target investment property in Gdynia appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Gdynia properties yourself is an easy option, but are these savings justifiable when you run into Gdynia red tape? Physis Realty Gdynia office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Gdynia buy-to-rent sector.

With our expert guidance, investing in Gdynia provides the secure knowledge that your money is working harder than it would in a local Gdynia bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Gdynia, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Gdynia property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Gdynia

Flipping property in Gdynia

Flipping property is when we advise clients to buy a Gdynia property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Gdynia market has a time to react to the renovation.

The Flipping Strategy in Gdynia

Investment property flipping in Gdynia is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Gdynia real estate investments are sometimes referred to by professionals as ‘distressed’ Gdynia real estate.

What is distressed Gdynia property:

Gdynia property in need of renovation
Gdynia real estate with a change of purpose and use
Oversold Gdynia property
Bank repossessions in Gdynia

Put simply, long term investors in Gdynia purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Gdynia investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Gdynia property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Gdynia use a minimum profit value of 22% when looking at potential Gdynia projects. The reason for this is because there are lots that can go wrong in Gdynia property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Gdynia

For luxury property investors hoping to add a superb property in Gdynia to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Gdynia, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Gdynia should be entrusted to only the highest-quality agency.

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